BigRedBuster Posted February 23 Share Posted February 23 19 hours ago, Mavric said: Man....some of those guys are really burning some bridges. Quote Link to comment
Mavric Posted April 7 Author Share Posted April 7 You really need to read the explanation but here's the Cliff Notes: 1 Quote Link to comment
DevoHusker Posted April 7 Share Posted April 7 Time to download the app again 3 Quote Link to comment
Mavric Posted Wednesday at 10:11 PM Author Share Posted Wednesday at 10:11 PM 1 Quote Link to comment
BigRedBuster Posted Wednesday at 10:41 PM Share Posted Wednesday at 10:41 PM 27 minutes ago, Mavric said: Soooo…..the #1 player in the world is not included? Im confused on how all this will work. How did they “fund raise”? Who put up the money? How will they be sustained into the future? 1 Quote Link to comment
Mavric Posted Thursday at 01:18 AM Author Share Posted Thursday at 01:18 AM 2 hours ago, BigRedBuster said: Soooo…..the #1 player in the world is not included? Not sure what level he'll be at. The biggest level is career performance, so he's still working his way up last year. But they didn't actually release the numbers. The players above were just "leaked". So I'm sure Scheffler is getting something. It's just not known what yet. 2 hours ago, BigRedBuster said: Im confused on how all this will work. How did they “fund raise”? Who put up the money? How will they be sustained into the future? Quote At the end of January the tour came to an agreement with the Strategic Sports Group for private investment, which coincided with the launch of PGA Tour Enterprises. The Enterprises division will house the PGA Tour’s commercial businesses and rights, as well as those of the DP World Tour. This will allow the tour to maximize revenue for itself and players while keeping the tour’s non-profit 501(c)(6) classification that carries tax exemptions for “business leagues, chambers of commerce, real estate boards, boards of trade, and professional football leagues” intact. SSG has pledged up to $3 billion to PGA Tour Enterprises with an initial $1.5 billion investment. Players were told they would receive equity into PGA Tour Enterprises, which the tour says has a valuation of $12 billion. The grants are based on playing accomplishments, future participation and tour status. The grants were divided into four categories: Group 1 consists of $750 million in aggregate equity based on career performance, last 5-year performance, and Player Impact Program results. A total of 36 players were in this group. Group 2 consists of $75 million in aggregate equity and was granted to 64 players based on last 3-year performance. Group 3 consists of $30 million in aggregate equity and was granted to 57 players that have earned certain fully-exempt PGA Tour status categories. Group 4 consists of $75 million in aggregate equity and was granted to 36 players who were instrumental to building the modern PGA Tour, based on career performance. There is an eight-year vesting period, where the grants will be worth 50 percent of their value after four years, 75 percent after six and the full amount at the end of eight. Not all players necessarily received a grant, although all—including young and future tour players—have the chance to receive grants down the line. An additional $600 million is earmarked towards these stakes. The $600 million will be awarded in recurring player grants of $100 million each year, starting in 2025. Golf Digest Quote PGA Tour Enterprises received an investment of up to $3 billion earlier this year from Strategic Sports Group, a consortium of sports team owners that includes the New York Mets' Steve Cohen and the Atlanta Falcons' Arthur Blank. Link 2 1 Quote Link to comment
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